Montgomery Metro

Montgomery

About the Community of Montgomery

USA Today listed Montgomery as one of 20 nominees for Best Historic City in the nation.  The Montgomery–Alexander City Combined Statistical Area (CSA) is made up of six counties in central Alabama. The statistical area includes one metropolitan area and one micropolitan area and has a population of over 418,000.

Montgomery Economy

Montgomery is the capital city of Alabama and the second largest city in the state. A region of vast economic diversity, Montgomery is home to state and regional governments, a major military installation, the USAF Air University, an extensive service industry, wholesale and retail trade, Civil War and Civil Rights tourism, and an industrial base that includes Hyundai Motor Manufacturing Alabama — Hyundai’s first manufacturing plant in the United States.  In 2012 the assembly plant set a record high producing 361,348 vehicles.  Montgomery is also home to Air University, the worldwide center for Air Force education. The city’s role as a regional trade center is firmly established, serving as a wholesaling and distribution gateway to the southeast in addition to the 22-county central Alabama area.  This unique diversity provides a well-balanced economic environment. According to Moody’s Economy, Montgomery’s Cost of Doing Business is 87% of the national average and Cost of Living is 95% of the national average.

Montgomery County Ranked Second in Announced New Jobs from Existing Industries for 2012

According to numbers released by the Alabama Department of Commerce, Montgomery County ranks 2nd among all Alabama counties in announced new jobs resulting from existing industry expansions.   In Februry 2014, the unemployment rate sat just below the national average at 6.6%.

Montgomery Education

Eight colleges and universities in the city, with enrollment totaling more than 20,000, include Alabama State University, Auburn University Montgomery, Faulkner University, Huntingdon College, South University, Trenholm State Technical College, and Troy University Montgomery, along with Jones Law School. Auburn University’s main campus is located just 45 miles from Montgomery with a total enrollment of more than 24,000 students.

College and University Enrollment (Full-Time Students)

  • Alabama State University: 5,220
  • Auburn University Montgomery: 5,305
  • Faulkner University: 3,366
  • Huntingdon College: 1,107
  • South University: 665
  • Trenholm State Technical College (Both Campuses): 1,734
  • Troy University Montgomery: 3,441

Source: Alabama Commission on Higher Education, 2011

Housing in Montgomery

With a historic economic collapse in 2008 United States housing prices have allowed investors to get fabulous returns, allowing for tremendous profits for buy and hold cash flow investors and great opportunities to sell renovated homes to owner occupants at high profit margins.  The average foreclosure price in Birmingham, Alabama is $51,500, nearly half the national average of $113,000.  Cash flow opportunities are in the 10% – 18% ROI (Return on Investment) range, and for the price of an average foreclosure, the Rich Life Real Estate team provides renovated properties with tenants in place.  There is strong demand for rental property in Birmingham with 41.6% of the properties serving as rentals, and vacancy rates at their lowest point since 1997. Foreclosures are down 55% from last year, and prices went up 4.84% last quarter, “CNN Money” rates Birmingham #8 hottest housing market in the U.S. for 2014.

Montgomery History

From its pivotal role at the beginning of the Civil War to the momentous part it played during the Civil Rights movement, Montgomery is rife with mentions in the history book. A bronze star on the grounds of the state capitol demarcates where Jefferson Davis was inaugurated as President of the Confederate States of America. This swearing-in in effect made Montgomery the first capital of the Confederacy.

Montgomery was the location for Rosa Park’s famous refusal to move to the back of the bus. Her subsequent arrest led to the Montgomery Bus Boycott, setting off the Civil Rights Movement. You can learn more about Rosa Parks’ story and the civil rights movement in general by visiting the Rosa Parks Library and Museum located on the Troy University campus. The museum is open Monday through Friday, 9 a.m. to 5 p.m. and Saturday 9 a.m. to 3 p.m.

Another important site to the struggle for civil rights is the Dexter Avenue King Memorial Baptist Church, where Martin Luther King, Jr. was pastor between 1954 and 1960. A National Historic Landmark, the church features a mural that depicts important events during the struggle for civil rights. The church is open to the public Tuesday through Friday, 10 a.m. to 4 p.m., and Saturday 10 a.m. to 2 p.m. Cost of admission is $5 for adults and $3 for children.

Culture in Montgomery

The city has seen a downtown revitalization and Southern Living Magazine states; “With the addition of restaurants and nightlife near the Riverwalk Stadium, Montgomery is livelier than ever.”  There are many museums dedicated to art, music and history, beautiful parks, top caliber golf courses and sporting venues for amateur athletes.  The Cramton Bowl Multiplex is a brand new 90,000 square foot indoor sports facility.  Year round events are held in the community from Shakespeare productions to street festivals.  On the banks of the Alabama River, near the historic Union Station is Riverfront Park.  An old fashioned riverboat ride can be taken straight into Riverwalk Stadium where events, concerts and baseball games are held.